Fair Tax Calculator- provided by CSFP

$
.00
Yearly Monthly
Taxable Income {{ formatCurrency(taxableIncome) }} {{ formatCurrency(taxableIncome / 12.0) }}
Tax paid under flat tax {{ formatCurrency(taxFlat) }} {{ formatCurrency(taxFlat / 12.0) }}
Tax paid under fair tax {{ formatCurrency(taxGraduated) }} {{ formatCurrency(taxGraduated / 12.0) }}
New income taxes {{ formatCurrency(newIncomeTaxes) }} {{ formatCurrency(newIncomeTaxes / 12.0) }}

Effective tax rate under a fair tax: {{ (taxPercentage * 100).toFixed(2) }}%


This tax calculator is for general information only and does not represent personal tax advice either expressed or implied. The calculations used assume an average taxpayer. It is an approximation. This calculator relies on Department of Revenue data to convert income to "taxable income." See table 5 page 194 and table 13 page 204 from the 2018 Tax Profile and Expenditure Report available at: https://www.colorado.gov/pacific/sites/default/files/2018%20TP%26E%20%28DR%204016%29.pdf The Colorado Fiscal Institute modified this data to include federal tax code changes that occurred in December 2017.